Thanks for posting that, IG. That gocurrycracker article is really well done.InsuranceGuy wrote: ↑Sat May 12, 2018 8:25 pm I'm not excited about trading a future effective tax rate for today's marginal rate. This guy explains it better than I could, worth a read https://www.gocurrycracker.com/roth-sucks/.
Crap, this tIRA/Roth debate is complicated, especially when one factors in that a younger spouse may continue to work after one turns 59.5 (my case). Most of my decisions about what to put where have already been made due to the fact that I'm pretty much retired.
When figuring out whether or not to do conversions and what one's longterm overall tax hit will be, cost basis in taxable accounts also comes into play, right? In my case that cost basis, apart from my big whack of savings bonds, is very high. So, I wonder if I might not be better off just taking some withdrawals from my tIRAs for now and not doing Roth conversions. Hmm.
I'm curious to know if anyone has used this i-orp calculator:
https://i-orp.com/GOPtax/extended.html
When I have plugged our numbers in, the tIRA to Roth conversions seem to be overly aggressive but overall it's a terrific tool.